Common use of Outstanding Senior Secured Notes Clause in Contracts

Outstanding Senior Secured Notes. The Senior Secured Notes outstanding at any time are all the Senior Secured Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Senior Secured Note does not cease to be outstanding because either Issuer or an Affiliate of the Issuers holds the Senior Secured Note; however, Senior Secured Notes held by either Issuer or an Affiliate of the Issuers shall not be deemed to be outstanding for purposes of Section 3.07(b) hereof. If a Senior Secured Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Senior Secured Note is held by a bona fide purchaser. If the principal amount of any Senior Secured Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than one of the Issuers, or an Affiliate of the Issuers) holds, on a redemption date or maturity date, money sufficient to pay Senior Secured Notes payable on that date, then on and after that date such Senior Secured Notes shall be deemed to be no longer outstanding and shall cease to accrue interest. In the event the Senior Secured Notes are issued in book-entry form with the Depositary Agent: (i) the Trustee may deal with the Depositary Agent as the authorized representative of the Holders; (ii) the rights of the Holders shall be exercised only through the Depositary Agent and shall be limited to those established by law and agreement between the Holders and the Depositary Agent and/or direct participants of the Depositary Agent; (iii) the Depositary Agent will make book-entry transfers among the direct participants of the Depositary Agent and will receive and transmit distributions of principal and interest on the Senior Secured Notes to such direct participants; and (iv) the direct participants of the Depositary Agent shall have no rights under this Indenture under or with respect to any of the Senior Secured Notes held on their behalf by the Depositary Agent, and the Depositary Agent may be treated by the Trustee and its agents, employees, officers and directors as the absolute owner of the Senior Secured Notes for all purposes whatsoever.

Outstanding Senior Secured Notes. The Senior Secured Notes outstanding at any time are all the Senior Secured Notes authenticated by the Trustee except for those canceled by itthe Registrar or any Agent in accordance with this Senior Secured Notes Indenture, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, cancellation and those described in this Section 2.08 as not outstanding. Except as set forth in Subject to Section 2.09 hereof13.05, a Senior Secured Note does not cease to be outstanding because either Issuer the Issuers or an any Affiliate of the Issuers any Issuer holds the Senior Secured Note; however, Senior Secured Notes held by either Issuer or an Affiliate of the Issuers shall not be deemed to be outstanding for purposes of Section 3.07(b) hereof. If a Senior Secured Note is replaced pursuant to Section 2.07 hereof2.08 (other than a mutilated Senior Secured Note surrendered for replacement), it ceases to be outstanding unless the Trustee receives and the Issuers receive proof satisfactory to it them that the replaced Senior Secured Note is held by a bona fide protected purchaser. If the principal amount of any A mutilated Senior Secured Note is considered paid under Section 4.01 hereof, it ceases to be outstanding upon surrender of such Senior Secured Note and interest on it ceases replacement thereof pursuant to accrueSection 2.08. If the Trustee or a Paying Agent (other than one of the Issuersholds, or an Affiliate of the Issuers) holdsin accordance with this Senior Secured Notes Indenture, on a redemption date or maturity date, date money sufficient to pay all principal and interest payable on that date with respect to the Senior Secured Notes payable (or portions thereof) to be redeemed or maturing, as the case may be, and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that datedate pursuant to the terms of this Senior Secured Notes Indenture, the First Lien Intercreditor Agreement or the 2013 Intercreditor Agreement (or, if applicable, any Additional Intercreditor Agreement) then on and after that date such Senior Secured Notes shall be deemed to be no longer outstanding and (or portions thereof) shall cease to accrue interest. In the event the Senior Secured Notes are issued in book-entry form with the Depositary Agent: (i) the Trustee may deal with the Depositary Agent as the authorized representative of the Holders; (ii) the rights of the Holders shall be exercised only through the Depositary Agent and shall be limited to those established by law and agreement between the Holders and the Depositary Agent and/or direct participants of the Depositary Agent; (iii) the Depositary Agent will make book-entry transfers among the direct participants of the Depositary Agent and will receive and transmit distributions of principal outstanding and interest on the Senior Secured Notes them ceases to such direct participants; and (iv) the direct participants of the Depositary Agent shall have no rights under this Indenture under or with respect to any of the Senior Secured Notes held on their behalf by the Depositary Agent, and the Depositary Agent may be treated by the Trustee and its agents, employees, officers and directors as the absolute owner of the Senior Secured Notes for all purposes whatsoeveraccrue.

Outstanding Senior Secured Notes. The Senior Secured Notes outstanding at any time are all the Senior Secured Notes authenticated by the Trustee except for those canceled by itthe Registrar or any Agent in accordance with this Senior Secured Notes Indenture, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, cancellation and those described in this Section 2.08 as not outstanding. Except as set forth in Subject to Section 2.09 hereof13.05, a Senior Secured Note does not cease to be outstanding because either Issuer the Issuers or an any Affiliate of the Issuers any Issuer holds the Senior Secured Note; however, Senior Secured Notes held by either Issuer or an Affiliate of the Issuers shall not be deemed to be outstanding for purposes of Section 3.07(b) hereof. If a Senior Secured Note is replaced pursuant to Section 2.07 hereof2.08 (other than a mutilated Senior Secured Note surrendered for replacement), it ceases to be outstanding unless the Trustee receives and the Issuers receive proof satisfactory to it them that the replaced Senior Secured Note is held by a bona fide protected purchaser. If the principal amount of any A mutilated Senior Secured Note is considered paid under Section 4.01 hereof, it ceases to be outstanding upon surrender of such Senior Secured Note and interest on it ceases replacement thereof pursuant to accrueSection 2.08. If the Trustee or a Paying Agent (other than one of the Issuersholds, or an Affiliate of the Issuers) holdsin accordance with this Senior Secured Notes Indenture, on a redemption date or maturity date, date money sufficient to pay all principal and interest payable on that date with respect to the Senior Secured Notes payable (or portions thereof) to be redeemed or maturing, as the case may be, and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that datedate pursuant to the terms of this Senior Secured Notes Indenture, the First Lien Intercreditor Agreement or the 2007 UK Intercreditor Agreement (or, if applicable, any Additional Intercreditor Agreement) then on and after that date such Senior Secured Notes shall be deemed to be no longer outstanding and (or portions thereof) shall cease to accrue interest. In the event the Senior Secured Notes are issued in book-entry form with the Depositary Agent: (i) the Trustee may deal with the Depositary Agent as the authorized representative of the Holders; (ii) the rights of the Holders shall be exercised only through the Depositary Agent and shall be limited to those established by law and agreement between the Holders and the Depositary Agent and/or direct participants of the Depositary Agent; (iii) the Depositary Agent will make book-entry transfers among the direct participants of the Depositary Agent and will receive and transmit distributions of principal outstanding and interest on the Senior Secured Notes them ceases to such direct participants; and (iv) the direct participants of the Depositary Agent shall have no rights under this Indenture under or with respect to any of the Senior Secured Notes held on their behalf by the Depositary Agent, and the Depositary Agent may be treated by the Trustee and its agents, employees, officers and directors as the absolute owner of the Senior Secured Notes for all purposes whatsoeveraccrue.

Outstanding Senior Secured Notes. The Senior Secured Notes outstanding at any time are all the Senior Secured Notes authenticated by the Trustee except for those canceled by itthe Registrar or any Agent in accordance with this Senior Secured Notes Indenture, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, cancellation and those described in this Section 2.08 as not outstanding. Except as set forth in Subject to Section 2.09 hereof13.05, a Senior Secured Note does not cease to be outstanding because either Issuer the Issuers or an any Affiliate of the Issuers any Issuer holds the Senior Secured Note; however, Senior Secured Notes held by either Issuer or an Affiliate of the Issuers shall not be deemed to be outstanding for purposes of Section 3.07(b) hereof. If a Senior Secured Note is replaced pursuant to Section 2.07 hereof2.08 (other than a mutilated Senior Secured Note surrendered for replacement), it ceases to be outstanding unless the Trustee receives and the Issuers receive proof satisfactory to it them that the replaced Senior Secured Note is held by a bona fide protected purchaser. If the principal amount of any A mutilated Senior Secured Note is considered paid under Section 4.01 hereof, it ceases to be outstanding upon surrender of such Senior Secured Note and interest on it ceases replacement thereof pursuant to accrueSection 2.08. If the a Paying Agent (other than one of the Issuersholds, or an Affiliate of the Issuers) holdsin accordance with this Senior Secured Notes Indenture, on a redemption date or maturity date, date money sufficient to pay all principal and interest payable on that date with respect to the Senior Secured Notes payable (or portions thereof) to be redeemed or maturing, as the case may be, and no Paying Agent is prohibited from paying such money to the Holders on that datedate pursuant to the terms of this Senior Secured Notes Indenture, the First Lien Intercreditor Agreement or the 2007 Intercreditor Agreement (or, if applicable, any Additional Intercreditor Agreement) then on and after that date such Senior Secured Notes shall be deemed to be no longer outstanding and (or portions thereof) shall cease to accrue interest. In the event the Senior Secured Notes are issued in book-entry form with the Depositary Agent: (i) the Trustee may deal with the Depositary Agent as the authorized representative of the Holders; (ii) the rights of the Holders shall be exercised only through the Depositary Agent and shall be limited to those established by law and agreement between the Holders and the Depositary Agent and/or direct participants of the Depositary Agent; (iii) the Depositary Agent will make book-entry transfers among the direct participants of the Depositary Agent and will receive and transmit distributions of principal outstanding and interest on the Senior Secured Notes them ceases to such direct participants; and (iv) the direct participants of the Depositary Agent shall have no rights under this Indenture under or with respect to any of the Senior Secured Notes held on their behalf by the Depositary Agent, and the Depositary Agent may be treated by the Trustee and its agents, employees, officers and directors as the absolute owner of the Senior Secured Notes for all purposes whatsoeveraccrue.